UPDATE: J.C. Penney (JCP) Tops Q3 EPS by 10c, Comps Increase 1.7%, Offers Outlook
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JCPENNEY REPORTS A 1.7 PERCENT INCREASE IN COMPARABLE SALES FOR THE THIRD QUARTER 2017
November 10, 2017 7:31 AM ESTInventory Declines 8.8 % Over the Same Period Last Year
PLANO, Texas - (Nov. 10, 2017) - J. C. Penney Company, Inc. (NYSE: JCP) today announced financial results for its fiscal third quarter ended Oct. 28, 2017. Total net sales decreased (1.8) % to $2.81 billion in the third quarter compared to $2.86 billion in the same period last year, primarily the result of the 139 stores closed this year through the end of the third quarter. Comparable sales increased 1.7 % for the third quarter, resulting in a positive two-year stack of... More
